Home India Madhya Pradesh Gramin Bank In exercise of the powers conferred by section 30 read with ...
Date: 14-Oct-2024 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by section 30 read with sub section 1 of section 17 of the Regional Rural Banks Act

Issued by Madhya Pradesh Gramin Bank · Not Applicable

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Executive Summary & Key Takeaways

Gazette Notification Description

  • This gazette notification announces the Madhya Pradesh Gramin Bank (Employees’) Pension (Amendment) Regulations, 2024. These regulations amend the Madhya Pradesh Gramin Bank (Employees’) Pension Regulations, 2018, impacting pension and family pension entitlements for bank employees.
  • The key changes relate to the eligibility criteria for pension and family pension, the effective dates of pension payments, and the refund requirements for employees who received benefits under the Employees’ Pension Scheme, 1995.

Key Changes

  • Amendment of Regulation 2, sub-regulation (1), clause (k): Changes the effective date for pension eligibility from April 1, 2018, to November 1, 1993.
  • Substitution of Regulation 3: This significantly alters the application process for pension and family pension. It outlines specific refund requirements for employees who retired or left service before the notification date, and those who continue to be in service. It also clarifies the process for family pensions and those who joined the bank after April 1, 2010 (covered by the National Pension System).
  • Insertion of a proviso in Regulation 20: This ensures that employees covered under clause (c) of sub-regulation (1) of Regulation 3 will not face service forfeiture.
  • Substitution of Regulation 32: Clarifies the eligibility dates for pension and family pension, setting them between September 1, 1987, and October 31, 1993.
  • Substitution of Regulation 50: This alters the date from which pension and family pension become payable. It emphasizes the conditions tied to refunds or adjustments of amounts received under Regulation 3.

Impact Analysis

Impact on Employees

  • Employees joining after April 1, 2010, remain under the National Pension System, unaffected by these amendments.

Impact on Madhya Pradesh Gramin Bank

  • There might be financial implications related to processing refunds and adjusting pension payments.

Impact on Government

  • The amendment may have implications for the government’s budget related to pension payments.

Suggested Action Items

  • The government should monitor the implementation process and address any issues or challenges that arise.

Key Entities Referenced

Madhya Pradesh Gramin Bank (MPGB): The regional rural bank whose employee pension regulations are being amended. Regional Rural Banks Act, 1976: The act under which the bank has the power to make these amendments. Madhya Pradesh Gramin Bank (Employees’) Pension Regulations, 2018: The regulations being amended by this notification. Employees’ Pension Scheme, 1995: The pension scheme relevant to the refund requirements in the amendments. Bank of India: The sponsor bank consulted during the amendment process. National Bank for Agriculture and Rural Development (NABARD): Another entity consulted during the amendment process. National Pension System: The pension system covering employees who joined the bank after April 1, 2010.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 ससीी..जजीी..--एएमम..पपीी..--अअ..--1188110022002244--225577999966 xxxGIDHxxx CCGG--MMPP--EE--1188110022002244--225577999966 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 803] नई दिल्ली, सोमवार, अक्त बू र 14, 2024/आज‍व न 22, 1946 No. 803] NEW DELHI, MONDAY, OCTOBER 14, 2024/ASVINA 22, 1946 bankSj] 10 vDrcw j] 2024 .—{ks=h; xzkeh.k cSad vf/kfu;e] 1976 ¼1976 dk 21oka½ dh /kkjk 17 dh mi&/kkjk ¼1½ ds lkFk ifBr /kkjk 30 }kjk çnRr 'kfDr;ks a dk ç;ksx djrs gq, dk funs'kd eaMy] izk;kstd cSad vkSj jk’Vªh; d`f’k vkSj xzkeh.k fodkl cSad ds lkFk ijke'kZ djus ds ckn vkSj dsUnz ljdkj dh iwoZ eta wjh ds lkFk ,rn}kjk e/;izns'k xzkeh.k cSd ¼deZpkjh½ isa'ku fofu;e] 2018 e s la'kks/ku dju s ds fy, fuEufyf[kr fofu;e cukrk gS uker% %& 1- ¼1½ bu fofu;eks a dks e/; izns'k xzkeh.k cSad ¼deZpkjh½ ias'ku ¼la'kks/ku½ fofu;e] 2024 dgk tk,xk- ¼2½ ;s fu;e] buds ljdkjh jkti= eas çdkf'kr gksu s dh frfFk ls ykxw gks tk,axs- 2- e/; izns'k xzkeh.k cSad ¼depZ kjh½ isa'ku fofu;e] 2018 ¼blds ckn bls mDr fofu;e dgk tk,xk½ ds fofu;e 2 ds] mi&fofu;e ¼1½ ds [k.M ¼ds½ eas] vkadMs]+ vad vkSj “kCn ÞvizSy] 2018 dk igyk fnuÞ ds LFkku ij ÞuoEcj 1993 dk igyk fnuÞ vkadMs]+ vad vkSj “kCn izfrLFkkfir fd, tk,axs- 3- mDr fofu;eks a eas] fofu;e 3 dks fuEufyf[kr fofu;e ls çfrLFkkfir fd;k tk,xk] uker%] & Þvuqç;ksx & ¼1½ dksbZ Hkh deZpkjh tks & ¼d½ 1 flracj] 1987 vkSj 31 ekpZ 2010 ds eè; cSad dh lsok eas Fkk vkSj e/; izns'k xzkeh.k cSad ¼deZpkjh½ is'a ku ¼la'kksèku½ fofu;e] 2024 dh vfèklwpuk dh rkjh[k ls igy s lsokfuo`Ùk ;k c[kkZLr ;k gVk fn;k x;k ;k lsok dh lekfIr dj nh xbZ vkSj vkfèkdkfjd jkti= eas e/; izns'k xzkeh.k cSad ¼deZpkjh½ is'a ku ¼la'kksèku½ fofu;e] 2024 dh vfèklwpuk dh rkjh[k ls iaæg fnuks a ds Hkhrj fjQaM djrk gS ;k fufèk dk lnL; curk gS vkSj mlds }kjk çkIr laiw.kZ vafre jkf'k ¼deZpkjh is'a ku 6658 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] ;kstuk] 1995 ds rgr Hkfo"; fufèk eas cSad dk ;ksxnku vkSj jkf'k dh çkfIr dh rkjh[k rd ml ij vftZr C;kt½ dks fjQaM dj nrs k gS vkSj deZpkjh is'a ku ;kstuk] 1995 ds rgr mlds }kjk çkIr vkofèkd is'a ku] ;fn dksbZ gks] rks vkfèkdkfjd jkti= eas e/; izns'k xzkeh.k cSad ¼deZpkjh½ is'a ku ¼la'kksèku½ fofu;e] 2024 dh vfèklwpuk dh rkjh[k ls igy s fdlh Hkh vofèk ds fy, vkjksI;] ;k vukjksI;] fdlh Hkh fLFkfr es]a ,slh jkf'k;ks a dh çkfIr dh rkjh[k ls fjQaM dh rkjh[k rd ,slh jkf'k;ks a ij C;kt dk Hkqxrku djuk visf{kr ugha gksxk- c'krZs fd dksbZ deZpkjh ftlls bl [kaM ds vuqlkj jkf'k okil djuk visf{kr gS] cSad }kjk mldks n;s jkf'k es a ls bu jkf'k;ks a dks lek;ksftr dju s ds fy, cSad dks çkfèk—r dj ldrk gS- vkSj] c'krZs fd dksbZ deZpkjh tks mDr fofu;eksa ds rgr is'a ku dk fodYi pquus dk ik= Fkk] ysfdu fuèkkZfjr le; ds Hkhrj mlus is'a ku dk fodYi ugh a pquk ;k pquk fdarq fuèkkZfjr le; ds Hkhrj èku okil ugh a fd;k] rks ml deZpkjh dks] deZpkjh is'a ku ;kstuk] 1995 ds rgr mlds }kjk çkIr vkofèkd is'a ku] ;fn dksbZ gks] dks okil djus dh vko';drk ugha gksxh- ¼[k½ 1 flracj] 1987 vkSj 31 ekpZ 2010 ds eè; cSad dh lsok es a Fkk vkSj vkfèkdkfjd jkti= eas e/; izns'k xzkeh.k cSad ¼deZpkjh½ is'a ku ¼la'kksèku½ fofu;e] 2024 dh vfèklwpuk dh rkjh[k dks ;k mlds ckn cSad dh lsok es a tkjh jgrk gS] vkSj fufèk dk ,d lnL; gksrk gS ;k lnL; curk gS vkSj vkfèkdkfjd jkti= eas e/; izns'k xzkeh.k cSad ¼deZpkjh½ is'a ku ¼la'kksèku½ fofu;e] 2024 dh vfèklwpuk dh rkjh[k ls iaæg fnuksa ds Hkhrj] fofu;e 4 es a xfBr fufèk eas cSad ds iwjs ;ksxnku dks o ml ij vftZr C;kt ds lkFk varfjr dj tek dj nrs k gS ;k djokrk gS rFkk deZpkjh is'a ku ;kstuk 1995 ds rgr mlds }kjk çkIr vkSj vkfèkdkfjd jkti= es a e/; izns'k xzkeh.k cSad ¼deZpkjh½ is'a ku ¼la'kksèku½ fofu;e] 2024 dh vfèklwpuk dh rkjh[k ls igys fdlh Hkh vofèk ds fy, vkjksfir is'a ku dk Hkkx] ;fn dksbZ gks] dks okil dj nsrk gS- ¼x½ 1 flracj] 1987 vkSj 31 ekpZ 2010 ds eè; cSad dh lsok eas Fkk vkSj vfèkfu;e dh èkkjk 23 , dh mi&èkkjk ¼3½ ds [kaM ¼ch½ ds rgr ftlus ,d fodYi dk ç;ksx fd;k Fkk ;k mDr fofu;eksa dh vfèklwpuk ls igys bLrhQk n s fn;k Fkk] nksuksa gh ekeyks a eas] 20 lky dh vgZd lsok iwjh djus ds ckn vkSj mfpr uksfVl nds j] fufèk dk lnL; curk gS vkSj vkfèkdkfjd jkti= eas e/; izns'k xzkeh.k cSad ¼deZpkjh½ is'a ku ¼la'kksèku½ fofu;e] 2024 dh vfèklwpuk dh rkjh[k ls iaæg fnuks a ds Hkhrj] mlds }kjk çkIr laiw.kZ vafre jkf'k ¼deZpkjh is'a ku ;kstuk] 1995 ds rgr o Hkfo"; fufèk eas cSad dk ;ksxnku vkSj jkf'k dh çkfIr dh rkjh[k rd ml ij vftZr C;kt½ dks fjQaM dj nrs k gS vkSj deZpkjh is'a ku ;kstuk] 1995 ds rgr mlds }kjk çkIr vkofèkd is'a ku] ;fn dksbZ gks] rks vkfèkdkfjd jkti= eas e/; izns'k xzkeh.k cSad ¼deZpkjh½ is'a ku ¼la'kksèku½ fofu;e] 2024 dh vfèklwpuk dh rkjh[k ls igys fdlh Hkh vofèk ds fy, vkjksI;] ;k vukjksI;] fdlh Hkh fLFkfr eas] ,slh jkf'k;ks a dh çkfIr dh rkjh[k ls fjQaM dh rkjh[k rd ,slh jkf'k;ks a ij C;kt dk Hkqxrku djuk visf{kr ugha gksxk- c'krZs fd ,d deZpkjh] ftlls bl [kaM ds rgr jkf'k okil djuk visf{kr gS] cSad }kjk mldks n;s jkf'k eas ls bu jkf'k;ks a dks lek;ksftr dju s ds fy, cSad dks çkfèk—r dj ldrk gS- ¼2½ mi&fofu;e ¼1½ ds [kaM ¼d½ vkSj ¼x½ ds rgr 'kkfey fd;k x;k deZpkjh dk ifjokj bu fofu;eksa ds rgr ikfjokfjd is'a ku dk gdnkj gksxk] tc ,sl s fnoaxr deZpkjh dk ifjokj vkfèkdkfjd jkti= eas e/; izns'k xzkeh.k cSad ¼deZpkjh½ is'a ku ¼la'kksèku½ fofu;e] 2024 dh vfèklwpuk dh rkjh[k ls rhl fnuks a ds Hkhrj] fnoaxr deZpkjh }kjk ;k ;FkkfLFkfr ifjokj }kjk çkIr iwjh vafre jkf'k] deZpkjh is'a ku ;kstuk] 1995 ds rgr Hkfo"; fufèk eas cSad dk ;ksxnku vkSj fnoaxr deZpkjh ;k ;FkkfLFkfr fnoaxr deZpkjh ds ifjokj }kjk jkf'k dh çkfIr dh rkjh[k rd ml ij vftZr C;kt vkSj deZpkjh is'a ku ;kstuk ds rgr deZpkjh ;k fnoaxr deZpkjh ds ifjokj }kjk çkIr is'a ku ;k ikfjokfjd is'a ku] ;fn dksbZ gks] dks fjQaM dj fn;k gks ;k fjQaM djrk gks] fdarq nksuks a ekeyks a eas çkfIr dh rkjh[k ls okilh dh rkjh[k rd C;kt dk Hkqxrku djuk visf{kr ugha gksxk- c'krZs fd fnoaxr deZpkjh dk ifjokj ftlls bl [kaM ds rgr jkf'k okil djuk visf{kr gS] cSad }kjk mldks n;s jkf'k es a ls bu jkf'k;ks a dks lek;ksftr dju s ds fy, cSad dks çkfèk—r dj ldrk gS- ¼3½ bl fofu;e eas fdlh ckr ds gksrs gq, Hkh] tks deZpkjh 1 vçSy] 2010 dks ;k mlds ckn cSad dh lsok eas 'kkfey gqvk gS] mls jk"Vªh; is'a ku ç.kkyh es a 'kkfey fd;k tk,xk- 4- mDr fofu;eks a ds fofu;e 20 eas] mi&fofu;e ¼1½ ds i'pkRk~] fuEufyf[kr ijarqd var%LFkkfir fd;k tk,xk] uker% & Þc'krsZ fd fofu;e 3 ds mi&fofu;e ¼1½ ds [kaM ¼lh½ ds varxZr vku s oky s deZpkfj;ks a dk lsokdky leiâr ugha gksxkß 5- mDr fofu;eks a ds fofu;e 32 eas fuEufyf[kr fofu;e dks çfrLFkkfir fd;k tk,xk] uker% & Þdfri; deZpkfj;ks a ds lacaèk eas is'a ku ;k ikfjokfjd is'a ku dk Hkqxrku] & ¼1½ os deZpkjh tks 1 flracj 1987 vkSj 31 vDrwcj 1993 ds eè; cSad dh lsok ls lsokfuo`Ùk gq, gSa] os çHkkoh rkjh[k ls is'a ku ds fy, ik= gksxa s- ¼2½ fnoaxr deZpkjh] tks 1 flrca j 1987 vkSj 31 vDrwcj 1993 ds eè; lsok es a Fkk vkSj 31 vDrwcj 1993 ls igy s mldh eR` ;q gks xbZ Fkh] mldk ifjokj çHkkoh rkjh[k ls ifjokfjd is'a ku ds Hkqxrku ds fy, ik= gksxk-[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 3 6- mDr fofu;eks a ds fofu;e 50 eas fuEufyf[kr fofu;e dks çfrLFkkfir fd;k tk,xk] uker%& Þftl rkjh[k ls is'a ku ns; gksrh gS & ¼1½ ftl deZpkjh ij fofu;e 32 ds mi&fofu;e ¼1½] fofu;e 41 ;k 44 ds micaèk ykxw gksrs gSa] dks NkMs +dj] e/; izns'k xzkeh.k cSad ¼deZpkjh½ is'a ku ¼la'kksèku½ fofu;e] 2024 ds rgr fuèkkZfjr le; ds Hkhrj fofu;e 3 ds mi&fofu;e ¼1½ ds rgr fufnZ"V iwjh jkf'k dks fjQaM dj nus s ;k fjQaM fd, tkus ;k lek;kstu gsrq çkfèk—r djus ij] ikfjokfjd is'a ku dks NksM+dj] ml rkjh[k dh vxyh rkjh[k ls is'ku n;s gks tk,xh ftl rkjh[k dks dksbZ depZ kjh lsokfuo`Ùk gksrk gS ;k] ;FkkfLFkfr] inR;kx djrk gS ;k vfèkfu;e dh èkkjk 23 d dh mièkkjk ¼3½ ds [kaM ¼[k½ ds rgr varfjrh cSad eas 'kkfey gksus dk fodYi ugha pqurk gS- ¼2½ ftl deZpkjh ij fofu;e 32 ds mi&fofu;e ¼1½] fofu;e 41 ;k 44 ds micaèk ykxw gksrs gSa] dks NkMs +dj] e/; izns'k xzkeh.k cSad ¼deZpkjh½ is'a ku ¼la'kksèku½ fofu;e] 2024 ds rgr fuèkkZfjr le; ds Hkhrj fofu;e 3 ds mi&fofu;e ¼2½ ds rgr fufnZ"V iwjh jkf'k dks fjQaM dj nus s ;k fjQaM fd, tku s ;k lek;kstu gsrq çkfèk—r djus ij] ml rkjh[k dh vxyh rkjh[k ls ikfjokfjd is'a ku ns; gks tk,xh ftl rkjh[k dks deZpkjh dh eR` ;q gksrh gS- ¼3½ bu fofu;eks a eas fdlh ckr ds gksrs gq, Hkh] fdlh deZpkjh ;k fnoaxr deZpkjh ds ifjokj ds ekey s eas] tks mDr fofu;eks a ds rgr ;FkkfLFkfr is'a ku ;k ikfjokfjd is'a ku dk fodYi pquus ds fy, ik= Fkk] mlu s fodYi ugh a pquk ;k fodYi rks pquk fdarq iSlk fjQaM ugh a fd;k fdarq vc og fofu;eu ¼3½ ds mi&fofu;e ¼1½ ds [kaM ¼d½ ds rgr ;FkkfLFkfr] fjQaM djrk gS ;k lek;kstu gsrq çkfèk—r djrk gS rks og fofu;e 3 ds mi&fofu;e ¼2½ ds rgr e/; izns'k xzkeh.k cSad ¼deZpkjh½ is'a ku ¼la'kksèku½ fofu;e] 2024 dh vfèklwpuk ij ;k mlds ckn] mi&fofu;e ¼1½ ;k fofu;e 3 ds [kaM ¼x½ ds rgr ;k fofu;e 3 ds mi&fofu;e ¼2½ ds rgr lsokfuo`fÙk ;k bLrhQs dh rkjh[k ;k e`R;q] tks Hkh ckn eas gks] ls ;FkkfLFkfr fjQaM ;k lek;kstu dh rkjh[k ls ;FkkfLFkfr is'a ku ;k ikfjokfjd is'a ku ds fy, ik= gksxk- vkj-lh- csgsjk] v/;{k [जवज्ञापन-III/4/असा./572/2024-25] eyw vf/klwpuk la- 448 rFkk 488 fnukad 27-11-2018 rFkk 12-12-2018 ds Hkkjr ds jkti=] Hkkx& III] [kaM 4] ds ek/;e ls çdkf'kr dh xbZ Fkh- MADHYA PRADESH GRAMIN BANK NOTIFICATION Indore, the 10th October, 2024 F. No. MPGB/HO/HRD/2042/Pension (Amendment)/2024.—In exercise of the powers conferred by section 30 read with sub-section (1) of section 17 of the Regional Rural Banks Act, 1976 (21 of 1976) the Board of Directors of Madhya Pradesh Gramin Bank after consultation with Bank Of India being the Sponsor Bank and the National Bank for Agriculture and Rural Development and with the previous sanction of the Central Government hereby makes the following regulations to further amend the Madhya Pradesh Gramin Bank (Employees’) Pension Regulation, 2018 namely: - (1) These regulations may be called Madhya Pradesh Gramin Bank (Employees’) Pension (Amendment) Regulations, 2024. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Madhya Pradesh Gramin Bank (Employees’) Pension Regulations, 2018 (hereinafter referred to as the said regulations), in regulation 2, in sub-regulation (1), in clause (k), for the figures, letters and words “1st day of April, 2018”, the figures, letters and words “1st day of November, 1993” shall be substituted. 3. In regulation 3 of the said regulations, the following regulation shall be substituted, namely:- “3. Application.–(1) Any employee who – (a) was in the service of the Bank between the 1st September, 1987 and the 31st March, 2010 and retired or dismissed or removed or terminated from service before the date of notification of Madhya Pradesh Gramin Bank (Employees’) Pension (Amendment) Regulations, 2024 and refunded or becomes a member of the Fund and refund within fifteen days from the date of notification of Madhya Pradesh Gramin Bank (Employees’) Pension (Amendment) Regulations, 2024 in the Official Gazette, the entire final amounts received by him (the corpus comprising of Bank’s contribution to provident fund under the Employees’ Pension Scheme, 1995 and interest accrued thereon till the date of receipt by him of the amount) and the periodic pension, if any, received by him under the Employees’ Pension Scheme, 1995 attributable to any period before date of notification of Madhya Pradesh Gramin Bank (Employees’) Pension (Amendment) Regulations, 2024 in the Official Gazette but without, in either case, requiring to pay interest on such amounts from the date of receipt of such amounts to the date of refund:4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] Provided that an employee who is required to refund the amounts as per this clause may authorise the Bank to adjust these amounts from the amounts payable by the Bank to the employee: Provided further that an employee who was eligible to opt for pension under the said regulations but did not opt within the stipulated time or having opted not refunded the money within the stipulated time, the periodic pension, if any, received by him under the Employees’ Pension Scheme, 1995, need not be refunded. (b) was in the service of the Bank between the 1st September, 1987 and the 31st March, 2010 and continue to be in the service of the Bank on or after the date of notification of Madhya Pradesh Gramin Bank (Employees’) Pension (Amendment) Regulations, 2024 in the Official Gazette, and a member or becomes member of the Fund and caused or cause to transfer the entire contribution of the Bank along with the interest accrued thereon, within fifteen days from the date of notification of Madhya Pradesh Gramin Bank (Employees’) Pension (Amendment) Regulations, 2024 in the Official Gazette, to the credit of the Fund constituted in regulation 4 and refund the portion of pension, if any, received by him under Employees’ Pension Scheme 1995, and attributable to any period before date of notification of Madhya Pradesh Gramin Bank (Employees’) Pension (Amendment) Regulations, 2024 in the Official Gazette. (c) was in the service of the Bank between the 1st September, 1987 and the 31st March, 2010 and exercised an option under clause (b) of sub-section (3) of section 23A of the Act or resigned before the notification of the said Regulations, in either case, after having completed twenty years of qualifying service and by giving proper notice, shall become member of the Fund and refund within fifteen days from the date of notification of Madhya Pradesh Gramin Bank (Employees’) Pension (Amendment) Regulations, 2024 in the Official Gazette, the entire final amounts received by him (the corpus comprising of Bank’s contribution to provident fund under the Employees’ Pension Scheme, 1995 and interest accrued thereon till the date of receipt by him of the amount) and periodic pension, if any, received by him under the Employees’ Pension Scheme, 1995 attributable to any period before date of notification of Madhya Pradesh Gramin Bank (Employees’) Pension (Amendment) Regulations, 2024 in the Official Gazette but without, in either case, requiring to pay interest on such amounts from the date of receipt of such amounts to the date of refund: Provided that an employee, who is required to refund the amounts, under this clause may authorise the Bank to adjust these amounts from the amounts payable by the Bank to the employee. (2) The family of the employee covered under clauses (a) and (c) of sub-regulation (1), shall be entitled to family pension under these regulations when the family of such deceased employee refunded or refunds within thirty days from the date of notification of Madhya Pradesh Gramin Bank (Employees’) Pension (Amendment) Regulations, 2024 in the Official Gazette, the entire final amounts received by the deceased employee or as the case may be the family, the corpus comprising of Bank’s contribution to provident fund under the Employees’ Pension Scheme, 1995, and interest accrued thereon till the date of receipt of the amount by the deceased employee or, as the case may be, the family of a deceased employee and pension or family pension, if any, received by the employee or the family of the deceased employee under the Employees’ Pension Scheme, 1995, but in either case without requiring to pay interest from the date of receipt to the date of refund. Provided that a family of the deceased employee, who is required to refund the amounts under this clause may authorise the Bank to adjust these amounts from the amounts payable by the Bank to the employee. (3) Notwithstanding anything contained in this regulation, any employee who joined the service of the Bank on or after the 1st April, 2010 shall be covered by the National Pension System”. 4. In regulation 20 of the said regulations, after sub-regulation (1), the following proviso shall be inserted, namely:- “Provided that there would no forfeiture of service for employees covered under clause (c) of sub-regulation (1) of regulation 3”. 5. In regulation 32 of the said regulations, the following regulation shall be substituted namely:- “Payment of pension or family pension in respect of certain employees.- (1) Employees who have retired from the service of the Bank between the 1st September, 1987 and the 31st October, 1993 shall be eligible for pension from the effective date. (2) The family of a deceased employee, who was in service between the 1st September, 1987 and the 31st October, 1993 and died before the 31st October, 1993 shall be eligible for payment of family pension from the effective date”. 6. In regulation 50 of the said regulations, the following regulation shall be substituted, namely:- “Date from which pension becomes payable.- (1) Except in the case of an employee to whom the provisions of sub- regulation (1) of regulations 32, or 41, or 44 apply a pension other than the family pension shall become payable from the date following the date on which an employee retires or, as the case may be, resigns or opts not to join the transferee bank under clause (b) of sub-section (3) of section 23A of the Act on refund or refunding or authorising adjustment of the entire amounts specified under sub-regulation (1) of regulation 3 within the time stipulated under Madhya Pradesh Gramin Bank (Employees’) Pension (Amendment) Regulations, 2024.[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 5 (2) Except in the case of an employee to whom the provisions of sub-regulation (1) of regulations 32, or 41, or 44 apply, family pension shall become payable from the date following the date of death of the employee, on refunding or authorising adjustment of the entire amounts specified under sub-regulation (2) of regulation 3 within the time stipulated under Madhya Pradesh Gramin Bank (Employees’) Pension (Amendment) Regulations, 2024. (3) Notwithstanding anything contained in these regulations, in case of an employee, or as the case may be, family of the deceased employee who was eligible to opt for pension, or as the case may be, family pension under the said regulations but did not opt or opted but did not refund the money, but refunds or authorise adjustment of money under clause (a) of sub-regulation (1) of regulation (3), or as the case may be, under sub-regulation (2) of regulation 3 on or after notification of Madhya Pradesh Gramin Bank (Employees’) Pension (Amendment) Regulations, 2024 shall be entitled for pension, family pension, or as the case may be, from date of refund or adjustment under clause (c) of sub- regulation (1) of regulation 3, or as the case may be, sub-regulation (2) of regulation 3, or the date of retirement or resignation, or death, as the case may be, whichever is later.” R.C. BEHERA, Chairman [ADVT.-III/4/Exty./572/2024-25] Note : The principal notification was published vide number 448 and 488 dated 27.11.2018 and 12.12.2018 in the Gazette of India, Extraordinary, Part III, section 4. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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